feedback
FxProUpdates

[Update] Triple Swap Payments to Change from Wednesdays to Fridays


We would like to inform you that, starting on Monday, February 6, 2017, the day for triple swap payments will change from Wednesdays to Fridays. We believe this change will be fairer for our clients, as any calculations made to account for Saturdays and Sundays will now take place closer to the weekend.

FxPro calculates swap once for each day of the week that a position is rolled over. Once a week the payments are calculated at triple rate to account for the weekends, when swap is still applied, despite the fact that banks and markets are closed.

All client trading accounts are reconciled daily between 21:59 and 22:00 UK Time, and the resulting amount is automatically converted to the currency each account is denominated in. Depending on the currency pair being traded and the position held, swap payments are credited to, or debited from, client trading accounts.

For more information about swap payments and how they are calculated, please refer to our Risk Disclosure on the FxPro Website. For any questions regarding this change, don’t hesitate to contact our Customer Support team.

4.33/5(3)